Japan started out as our client in the 1950s and 1960s, borrowing a total of $863 million for 31 projects, including signature projects such as the ‘Bullet Train,’ the Kuroyon Dam, and the Tomei Expressway. Japan now is our second-largest shareholder ...
Подробнее +Japan started out as our client in the 1950s and 1960s, borrowing a total of $863 million for 31 projects, including signature projects such as the ‘Bullet Train,’ the Kuroyon Dam, and the Tomei Expressway. Japan now is our second-largest shareholder and the third-largest donor to the International Development Association, the Bank’s fund for the poorest. So the lesson for the President, Kim is that every, single economy in the world has to now be focused on the medium and long-term prospects for growth. Because of the crisis, there is a tendency to only look at the short-term, how to respond to the crisis as it might hit us, but he think evidence is very good that the countries that start thinking right now about medium and long-term competitiveness are going to do much better in the long run. And this is part of the work that we do. He have experts inside the World Bank who have walked with many, many countries through their own process of economic growth, and we stand ready to work with any government in the world, all of our member countries, in thinking about medium and long-term approaches to growth.
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